Birinyi Associates Cut Verizon Communications (VZ) Position; 13 Analysts Covering BlackRock, Inc. (BLK)

October 22, 2017 - By Nellie Frank

Among 17 analysts covering BlackRock (NYSE:BLK), 13 have Buy rating, 0 Sell and 4 Hold. Therefore 76% are positive. BlackRock had 75 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of BlackRock, Inc. (NYSE:BLK) has “Buy” rating given on Wednesday, October 5 by Deutsche Bank. The rating was maintained by JP Morgan on Thursday, October 12 with “Overweight”. The firm earned “Market Perform” rating on Friday, July 15 by Keefe Bruyette & Woods. The company was maintained on Sunday, August 13 by Keefe Bruyette & Woods. As per Thursday, October 15, the company rating was maintained by Deutsche Bank. The firm has “Buy” rating by Gabelli given on Wednesday, September 16. Deutsche Bank maintained the shares of BLK in report on Tuesday, July 18 with “Buy” rating. The firm earned “Overweight” rating on Friday, September 8 by Barclays Capital. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, October 11. Deutsche Bank maintained BlackRock, Inc. (NYSE:BLK) rating on Friday, September 9. Deutsche Bank has “Buy” rating and $414 target. See BlackRock, Inc. (NYSE:BLK) latest ratings:

12/10/2017 Broker: Credit Suisse Rating: Buy New Target: $612.0 Maintain
12/10/2017 Broker: JP Morgan Rating: Overweight Old Target: $556 New Target: $558 Maintain
12/10/2017 Broker: UBS Rating: Buy Old Target: $510 New Target: $525 Maintain
11/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $500.0 Maintain
10/10/2017 Broker: Jefferies Rating: Hold New Target: $465.0 Maintain
10/10/2017 Broker: Barclays Capital Rating: Overweight Old Target: $475 New Target: $500 Maintain
05/10/2017 Broker: Morgan Stanley Rating: Overweight Old Target: $476 New Target: $501 Maintain
28/09/2017 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy Upgrade
25/09/2017 Broker: Jefferies Rating: Hold New Target: $440.0 Maintain
15/09/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $440.0 Maintain

Birinyi Associates Inc decreased Verizon Communications Inc (VZ) stake by 22.48% reported in 2017Q2 SEC filing. Birinyi Associates Inc sold 9,350 shares as Verizon Communications Inc (VZ)’s stock declined 7.66%. The Birinyi Associates Inc holds 32,247 shares with $1.44M value, down from 41,597 last quarter. Verizon Communications Inc now has $202.05 billion valuation. The stock increased 0.65% or $0.32 on October 20, reaching $49.53. About 16.26M shares traded or 8.62% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since October 22, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 20 Hold. Therefore 23% are positive. Verizon Communications Inc. had 56 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Neutral” on Monday, March 14. As per Monday, October 24, the company rating was upgraded by Drexel Hamilton. Macquarie Research maintained Verizon Communications Inc. (NYSE:VZ) on Thursday, June 15 with “Hold” rating. As per Monday, July 31, the company rating was maintained by RBC Capital Markets. Oppenheimer downgraded the shares of VZ in report on Wednesday, July 20 to “Perform” rating. The stock has “Neutral” rating by DA Davidson on Thursday, February 4. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) rating on Monday, January 25. RBC Capital Markets has “Outperform” rating and $50 target. On Wednesday, October 21 the stock rating was maintained by Scotia Capital with “Sector Outperform”. The stock of Verizon Communications Inc. (NYSE:VZ) has “Hold” rating given on Wednesday, October 11 by KeyBanc Capital Markets. The rating was downgraded by Argus Research on Friday, April 21 to “Hold”.

Since May 1, 2017, it had 0 insider buys, and 2 selling transactions for $781,618 activity. WALDEN MARNI M sold $753,961 worth of Verizon Communications Inc. (NYSE:VZ) on Monday, May 1. $27,657 worth of Verizon Communications Inc. (NYSE:VZ) was sold by SILLIMAN CRAIG L..

Birinyi Associates Inc increased Amazon.Com Inc (NASDAQ:AMZN) stake by 550 shares to 17,599 valued at $17.04M in 2017Q2. It also upped Hermes International stake by 2,500 shares and now owns 13,792 shares. Facebook Inc (NASDAQ:FB) was raised too.

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.12, from 1 in 2017Q1. It dived, as 90 investors sold VZ shares while 700 reduced holdings. 112 funds opened positions while 587 raised stakes. 2.49 billion shares or 0.28% less from 2.50 billion shares in 2017Q1 were reported. 1.02 million are owned by Zacks Inv Mgmt. Jolley Asset Management Limited Liability has invested 0.05% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Lvw Advsr reported 56,966 shares. Martin Com Tn has 35,813 shares for 0.49% of their portfolio. Credit Agricole S A holds 0.68% or 4.67 million shares in its portfolio. Barrett Asset Mgmt Llc, a New York-based fund reported 312,967 shares. Pggm accumulated 5.83 million shares. 98,819 are held by Dana Investment. Reilly Advsr Llc stated it has 237,064 shares. Dynamic Advsrs Solutions Ltd Llc accumulated 2.12% or 122,638 shares. Vanguard Group Inc Inc Inc holds 282.89M shares or 0.62% of its portfolio. Boyd Watterson Asset Mngmt Ltd Company Oh invested 0.47% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Haverford Fincl Svcs has invested 0.1% in Verizon Communications Inc. (NYSE:VZ). 130,664 were reported by Badgley Phelps Bell. Thompson Inv has invested 0.07% in Verizon Communications Inc. (NYSE:VZ).

The stock decreased 0.03% or $0.12 on October 20, reaching $476.62. About 532,146 shares traded or 5.55% up from the average. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since October 22, 2016 and is uptrending. It has underperformed by 4.51% the S&P500.